And if we take your $13,340/t, and take the c3 costs of $2.83/lb, I get a profit margin of about $4,300/t.
$4,300/t x 25,000tpa = $108mil/pa. If we then take a p.e range of 6x - 10x, that’s $648mil to $1.08bil.
With currently 730mil SOI, I get a share price of 89c - $1.48.
And with the currently heavily depleted Cu stockpiles coupled with future anticipated Cu demand, I can only see Cu price going up.
There are many graphics out there showing how a mining company sky rockets during the FID to production phase. That’s the ride I want to be on.
I’m thinking a re-rate to 30c minimum once CYM gets funding. And then from there a steady SP appreciation from FID to production.
IMO
GLTAH
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Last
2.9¢ |
Change
0.001(3.57%) |
Mkt cap ! $42.72M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $4.307K | 151.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 559371 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 141610 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 559371 | 0.028 |
2 | 355000 | 0.027 |
2 | 485000 | 0.026 |
6 | 1559201 | 0.025 |
2 | 500000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 141610 | 4 |
0.031 | 6976 | 1 |
0.033 | 193548 | 1 |
0.034 | 1000000 | 1 |
0.035 | 72350 | 2 |
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